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“Prices closed mixed and very near unchanged today. Beans ranged from up $.02 in spot Mch-25 to down $.01 for new crop. Meal was $2 higher while oil down 25-30 points. Bean spreads firmed while products spreads were mixed. Spot oil spreads hit new lows just ahead of Friday’s FND. While May-25 beans forged a new low for the month, it held support at the 50-day MA at $10.37 ¼. May-25 meal rejected trade below $300 per ton. Next support below today’s low is the contract low at $290.80. May-25 oil violated its short term trendline support while dipping under $.46 lbs,” reported Mark Soderberg with ADM Investor Services.





